Tag: Business

Mumbai (Maharashtra) [India], November 15: HVAX Technologies Limited (NSE- HVAX | INE0TO501019), a specialized turnkey solutions provider in cleanroom and controlled environment infrastructure, has announced its Un-audited financial results for H1 FY26.

H1 FY26 Key Financial Highlights

* Total Income of ₹ 62.79 Cr, YoY growth of 35.10%

* EBITDA of ₹ 8.53 Cr, YoY growth of 19.24%

* EBITDA Margin (%) of 13.58%, YoY decline of 181 Bps

* Net Profit of ₹ 4.92 Cr, YoY growth of 28.67%

* Net Profit Margin (%) of 7.84%, YoY decline of 39 Bps

Commenting on the performance, Mr. Nirbhaynarayan Singh, Chairman & Whole-Time DirectorHVAX Technologies Limited said: “We are pleased with the strong momentum achieved in the first half, driven by healthy execution across key projects and sustained demand in both domestic and international markets. Our focus on high-growth sectors and compliance-led engineering continues to differentiate HVAX in the cleanroom and controlled environment space. With a robust order book and expanding global footprint, we remain confident of delivering consistent, sustainable growth in the coming quarters.”

Commenting on Financial Performance Mr. Prayagdatt Mishra, Managing Director of HVAX Technologies Limited said: “Our financial performance in H1 reflects broad-based improvement, marked by a solid rise in revenue and profitability on the back of disciplined operations and strategic project wins. We are strengthening capabilities, deepening our presence across GCC and Asia-Pacific, and building scalable systems to support long-term expansion. As we continue to diversify into emerging sectors and enhance execution efficiencies, HVAX is well-positioned to accelerate its growth trajectory.”

Strategic Business Initiatives

• Strengthened visibility with an order book of ₹312.58 crore and a project pipeline of ₹681.53 crore, supporting long-term execution plans.

• Scaling international presence with planned entry and deeper penetration in hospital and laboratories domain.

• Pursuing partnerships and acquisition-led growth to enhance capabilities and broaden the solutions portfolio.

• Prioritising high-growth sectors such as healthcare, semiconductor, and renewable energy to strengthen future revenue streams.

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Kolkata (West Bengal) [India], November 15: The Indian Battery Manufacturers Association (IBMA) has announced the appointment of Mr. Avik Kumar Roy, CEO and Managing Director of Exide Industries Ltd., as its new President during the Association’s 4th Annual General Meeting (AGM) held in Kolkata on 12^th November 2025.

Mr. Avik Roy succeeds Ms. Preeti Bajaj, Managing Director & CEO of Luminous Power Technologies, who served as the outgoing President of IBMA.

The Association also elected Mr. Harshavardhana Gourineni, Executive Director, Amara Raja Energy & Mobility, as the new Vice President.

The 4th AGM brought together prominent leaders and stakeholders from across India’s lead-acid battery manufacturing industry. Discussions centered around the sector’s ongoing transformation, driven by advancements in battery chemistries and the accelerating shift toward e-mobility and renewable energy, both of which are creating new opportunities and challenges for traditional Lead-acid battery applications and exciting opportunities in other chemistries.

Looking ahead, IBMA has outlined a series of strategic focus areas for the coming year. The Association aims to enhance circularity across the battery industry by promoting sustainable manufacturing and recycling practices that improve material recovery and reduce waste. A key priority will be to strengthen public advocacy efforts before regulatory authorities to ensure that the interests of battery manufacturers are  represented in an effective manner.

In addition, IBMA plans to benchmark industry standards for manufacturing and recycling Lead-acid batteries, creating a consistent framework for quality and environmental responsibility. The organization also seeks to enhance public perception about the importance, sustainability, and circular nature of Lead-acid batteries that will continue to play an important role in automotive and energy storage applications, while increasing visibility for the industry among key stakeholders. Another important goal is to expand IBMA’s membership base by including more manufacturers within its fold, thereby fostering greater collaboration and collective strength across the sector.

With these new leadership appointments and strategic priorities, IBMA aims to reinforce its role as the leading voice for India’s battery manufacturers, fostering innovation, sustainability, and responsible growth across the energy storage ecosystem.

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New Delhi [India], November 14: FDC Ltd. welcomes FSSAI’s directive allowing only products that strictly follow the WHO Oral Rehydration Solution (ORS) formula to use the term “ORS” in their names or labels—a vital move to protect consumers and uphold scientific integrity.

In recent times, several food based beverages containing high-sugar have misused “ORS” claims without meeting WHO standards. Electral, India’s No. 1 ORS (IQVIA MAT Sep’25), has been the benchmark of trust and science since 1972

ELECTRAL is the nation’s first WHO recommended ORS, with a precise osmolarity of 245 mOsmol/L.

FDC urges consumers to check for WHO recommended formula mentioned on packs.

The company has also cautioned against the unauthorized use of Electral visuals in misleading communications.

“FSSAI’s order reaffirms that healthcare must be led by science, not marketing,” said Mr. Mayank Tikkha, Senior Vice President – Sales & Marketing, FDC Ltd

FDC Limited reaffirmed its continued support to regulators, healthcare professionals, and the public in promoting awareness about authentic, WHO-compliant ORS.

As India’s original and most trusted rehydration solution, Electral continues to represent the intersection of science, trust, and responsible healthcare communication.

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Bourns leadership at the India Design Center launch in Bangalore (L–R) Craig Shipley; James Harrington; Gordon Bourns; Al Yost; John Kelly

New Delhi [India], November 14: Bourns, Inc., a leading manufacturer and supplier of electronic components for power, protection, and sensing solutions, today announced the opening of its first design center in India in Bangalore. Launched as a hub dedicated to customer collaboration and innovation, this valuable customer resource provides local access to a comprehensive range of tools and technical support, including reference designs that use Bourns’ industry-leading components.

Offering proven processes that empower rapid prototyping and faster design validation, the Bourns India Design Center encourages cross-functional teamwork between engineering, product management and marketing. Customers will also be able to track the measurable impact of their designs to help confirm success. In addition, the center will provide hands-on co-design and technical education support.

The new 8,000 square foot state-of-the-art facility opened today, November 13, in a ceremony that invited key business partners and customers. Bourns made the strategic decision to locate the new design center within the Bangalore region based upon the rich engineering talent available here.

“India is known for its extensive engineering talent and the great value they bring to engineering and manufacturing companies. Given the close relationships we have with our global distribution partners who have opened offices in Bangalore, we believe this strategic investment will greatly facilitate localized engineering and application support for the good of our customers,” said Gordon Bourns, Chairman and CEO at Bourns, Inc. “Bourns continues to be at the forefront of engineering innovative power, protection and sensing solutions that help advance the development of efficient and sustainable applications. The opening of this center aligns with Bourns’ global focus on high-growth market segments, and reaffirms our commitment to responsible environmental management by influencing low carbon designs.”

“By opening this new collaborative design center, we are adding essential capabilities to address complex design challenges enabling our customers to streamline and simplify application development,” said Al Yost, President and COO at Bourns. “We are extremely excited about the substantial benefits our new design center will deliver to customers. Developers will reap the advantages of Bourns’ proven magnetic component design expertise that will empower them to meet next-generation IC performance, shorten design cycles and add industry-leading features to their end products. Giving our customers valuable and responsive technical design assistance is a win-win for everyone.”

About Bourns

Bourns, Inc. is a leading manufacturer and supplier of position and speed sensors, circuit protection solutions, magnetic components, microelectronic modules, panel controls and resistive products. Founded in 1947 and headquartered in Riverside, California, USA, Bourns employs more than 8,000 people across 17 global manufacturing centers.  The company’s advanced products are key components in a broad range of markets, including automotive, industrial, consumer, communications, low to medium risk medical*, audio and various other market segments. Additional Company and product information is available at www.bourns.com.

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New Delhi [India], November 14: CLEAR Premium Water is redefining what it means to be a responsible brand in today’s world. With the launch of its revolutionary rPET bottle range, made from 100% recycled plastic, CLEAR is not just offering a sustainable alternative, it’s championing a movement to reduce plastic waste, lower carbon emissions, and drive real environmental change.

As a frontrunner in India’s bottled water industry, CLEAR continues to prove that premium hydration and sustainability can go hand in hand. Every rPET bottle reflects the brand’s belief that innovation must have purpose, shaping a cleaner, more conscious future.

Through its partnership with Radisson Blu, CLEAR is setting a new benchmark for the hospitality industry, inspiring others to embrace sustainable practices and join the collective journey toward a cleaner, greener planet.

Speaking on this partnership, Nayan Shah, Founder & CEO of CLEAR Premium Water, said:
“Our long-standing collaboration with Radisson Blu has always reflected our shared commitment to excellence. Taking this partnership a step further, the introduction of CLEARth rPET bottles marks a significant stride towards integrating sustainable practices into everyday hospitality experiences. We’re proud to pioneer this change in India’s packaged drinking water industry and to offer consumers a choice that truly matters. Every CLEARth rPET bottle is proof that innovation, when driven by purpose, can create real impact.”

Commenting on the partnership, Rakesh Sethi, General Manager Radisson Blu Hotel New Delhi Dwarka said, “At our hotel, the wellbeing of our guests and health of our planet go hand-in- hand. I am delighted to announce our partnership with Clear Premium Water Company to provide 100% rPET bottled -water, an accessible, responsible choice that helps cut single use plastic. This move reinforces our commitment to sustainability, reduce single use plastic and ensures our guest continue to enjoy premium quality hydration”

With Radisson Blu New Delhi, Dwarka joining as a valued hospitality partner, CLEAR continues to lead with a vision that transforms everyday choices into lasting impact. Each rPET bottle stands as proof that innovation can drive responsibility without compromising on excellence. As sustainability becomes the new standard of sophistication, CLEAR isn’t just quenching thirst, it’s setting new standards for purposeful innovation.

Mumbai (Maharashtra) [India], November 14: Paramatrix Technologies Limited (Paramatrix) (NSE: PARAMATRIX), a trusted provider of enterprise software products and digital IT services, has announced its Unaudited financials for H1 FY26.

H1 FY26 Key Consolidated Financial Highlights

* Total Income of ₹ 16.67 Cr, YoY growth of 13.19%

* EBITDA of ₹ 4.35 Cr, YoY growth of 36.67%

* EBITDA Margin (%) of 26.10%, YoY growth of 448 Bps

* Net Profit of ₹ 2.90 Cr, YoY growth of 23.60%

* Net Profit Margin (%) of 17.39%, YoY growth of 147 Bps

* EPS of ₹ 2.59, YoYgrowthof1.17%

Commenting on the performance, Mr. Mukesh Thumar, Founder, MD & CEO of Paramatrix Technologies Limited, said: “Our performance in the first half reflects the steady momentum we are building across our products and digital solutions. Demand for automation, AI enabled platforms and secure enterprise technology continues to rise, and our investments in strengthening these capabilities are translating into healthier growth and broader client traction. We are also seeing the benefits of our disciplined execution and improved internal processes, which have supported better operating performance during the period.

Looking ahead, we remain guided by our long-term strategy of becoming a platform led digital partner with deep sector expertise. Our focus areas remain clear as we expand our presence in high impact sectors, scale our product capabilities and enhance customer centric delivery across markets. With digital adoption accelerating in India and globally, we believe the demand for intelligent, practical and secure technology solutions will only grow. Paramatrix is well positioned to capture these opportunities with agility, intent and a strong culture of ownership.”

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Bengaluru (Karnataka) [India], November 13: Merusri Developers has announced the launch of its latest luxury residential project, Merusri Sunscape, on IVC Road, North Bengaluru, close to Devanahalli and 15 minutes from Bangalore International Airport. Designed for those seeking a calm yet connected lifestyle, Merusri Sunscape offers a limited collection of premium 3 & 4 Bed boutique villas that redefine modern luxury living.

Spread across 5.39 acres, the project features 76 exclusive villas designed with an architectural philosophy rooted in honesty, simplicity, performance, spaciousness, daylight, and ventilation. Each villa at Merusri Sunscape is three-sided open, allowing abundant light, natural airflow, and unobstructed views, creating homes that breathe and flow seamlessly with their surroundings.

The community’s 12,000 sq ft. Clubhouse anchors a lifestyle where wellness and leisure blend effortlessly. From a swimming pool, fitness centre and coworking pods to yoga decks, sports courts and landscaped gardens, this gated community is designed to nurture wellbeing, balance and meaningful connection.

Merusri Sunscape is where luxury finds its calm — a boutique villa community that strikes a rare balance between urban energy and natural serenity. Here, mornings rise to sunlight and whispering greens, work calls drift easily beside reflective pools, and evenings stretch into yoga, sport, or quiet reflection under open skies.
Just minutes from Bangalore International Airport, yet worlds away from the city’s rush, Merusri Sunscape offers everything modern life promises — without the chaos, and with far more soul.

The project enjoys excellent connectivity to key growth corridors — including Manyata Tech Park, Aerospace SEZ, KIADB Industrial Area, and the upcoming Devanahalli Business Park and Mall of Asia, positioning it as a compelling choice for both end-users and investors seeking premium villa living in North Bengaluru.
Surrounded by renowned educational institutions and leading healthcare facilities, Merusri Sunscape blends urban convenience with natural tranquility, offering a lifestyle that’s both connected and composed.

The growth potential of the region is further enhanced by infrastructure developments such as Namma Metro Phase 2B (Blue Line), the Satellite Town Ring Road (STRR), and the Bengaluru Suburban Rail (Kanaka Line) — all of which strengthen connectivity for residents of upcoming villas close to Devanahalli and gated community villas on IVC Road.

Reflecting the strong demand for boutique luxury living, 20% of the project’s inventory has already been sold within the first month of pre-launch. Prices start from ₹2.64 crore onwards. Investing in villas near Bangalore International Airport is an attractive opportunity in 2025 – 2026.

With Merusri Sunscape, Merusri Developers reinforces its commitment to creating design-led, sustainable, and exclusive residential enclaves that redefine the idea of contemporary living, a sanctuary where architecture, nature, and luxury breathe as one.

For more details, call +91 9900007178.

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Abhee Ventures New Office in Sector 4, HSR Layout, Bengaluru.

New Delhi [India], November 14: A bigger space, a bolder vision. Every milestone tells a story. For Abhee Ventures, one of Bengaluru’s emerging real estate brands, the move to its new corporate office at Sector 4, HSR Layout, marks the beginning of a new chapter in its growth journey. The new space brings together Abhee’s growing teams under one roof, mirroring the company’s larger journey of evolution within Bengaluru’s fast-changing real estate landscape.

Abhee Ventures has always been driven by the belief that good homes shape better lives. Over the years, that belief has translated into thoughtfully planned projects across the city, each designed to blend comfort, leisure, connectivity, and long-term value. “This move represents the next phase of our growth,” says R. Nagaraj Reddy, Managing Director, Abhee Ventures.     “We are building an organisation capable of leading change, not just keeping pace with it.”

Among Abhee’s flagship RERA approved developments, Abhee Aaria near Gunjur Lake spans 12 acres with 85% open space, a 2-acre central forest, and a 60,000 sq.ft. clubhouse. Abhee Celestial City, located just off Sarjapur Road, rises 27 floors high, offering 2 & 3 BHK homes with sweeping views and refined amenities.

Abhee Serenity Springs, near the Bommasandra Metro Station, features 2 & 3 BHK Vastu-compliant homes across 4.5 acres. Abhee’s plotted developments, Abhee Tranquila (off Sarjapur Road) and Abhee Natura (Whitefield Extension), give buyers the flexibility to invest in land for excellent capital appreciation.

Looking Ahead

With over 10 million square feet of new development on the horizon, Abhee Ventures is ready for its next leap. And as new launches take shape across North & East Bengaluru, the new corporate office stands as a reflection of that momentum, a symbol of a brand moving forward with clarity, growing steadily, and carrying a vision to transform the real estate landscape of the country.

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Mumbai (Maharashtra) [India], November 14: Cash Ur Drive Marketing Limited (NSE: CUDML | INE0WL201014), a leading integrated outdoor and transit advertising company headquartered in Chandigarh, specializing in innovative branding solutions across airports, metros, railways and road networks, has announced its unaudited consolidated Financial Results for the half year ended 30th September 2025.

Consolidated Financial Highlights – H1 FY26

• Revenue From Operations of ₹ 77.86 Cr, YoY growth of 22.4%
• EBITDA (Incl. Other Income) of ₹ 13.55 Cr, YoY growth of 31.3%
• EBITDA Margin (%) of 17.4%
• Net Profit of ₹ 10.88 Cr, YoY growth of 29.5%
• Net Profit Margin (%) of 14.0%
• EPS of ₹7.86
• Revenue from operations increased 22.4% YoY to INR 77.86 Crores in H1 FY26 compared to INR 63.63
• Crores in H1 FY25 on account of new order wins across verticals
• EBITDA grew by 31.3% to INR 13.55 Crores in H1 FY26 compared to INR 10.33 Crores in H1 FY25
• EBITDA Margin improved marginally to 17.4% in H1 FY26 as against 16.2% in H1 FY25
• PAT grew by 29.5% to INR 10.88 Crores in H1 FY26 compared to INR 8.30 Crores in H1 FY25
• PAT margin stood at 14.0% for H1 FY26 as compared to 13.0% in H1 FY25

Commenting on the result, Mr. Raghu Khanna, Chairman and Managing Director said, “CASHurDRIVE Marketing Limited proudly presents its first financial results as a listed company, marking a significant milestone in its growth journey. The management extends heartfelt gratitude to all investors, clients, and partners for their trust and support during and after the successful IPO.

During the first half of FY26, the company delivered a strong performance driven by healthy execution, marquee client additions, and continued expansion across cab, bus, metro, and digital outdoor formats. Partnerships with Uber, Greencell Mobility, Olectra Greentech, Everest Fleet, and ETO Motors further strengthened its leadership in transit media, while the foray into EV-based advertising through Charjkaro reinforced its sustainability focus.

Revenue from operations for H1 FY26 stood at ₹77.9 crore, up 22.4% year-on-year. EBITDA grew 31.3% to ₹13.5 crore with a margin of 17.4%, while PAT rose 31% to ₹10.9 crore, translating into a PAT margin of 14%. The company maintained a strong, debt-light balance sheet with shareholders’ funds of ₹119.4 crore and cash reserves of ₹26.7 crore.

CASHurDRIVE also received multiple industry recognitions, including BW Retail World Award 2024 and BW Merit Awards 2025, reflecting its creative leadership in outdoor media. Going forward, the company aims to deepen its presence in green transit and digital OOH, invest in in-house production capabilities, and strengthen tech-led campaign management.

With a solid post-IPO foundation and clear growth visibility, CASHurDRIVE remains confident of delivering sustainable and long-term value to its stakeholders.”

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Abhee Ventures New Office in Sector 4, HSR Layout, Bengaluru.

New Delhi [India], November 14: A bigger space, a bolder vision. Every milestone tells a story. For Abhee Ventures, one of Bengaluru’s emerging real estate brands, the move to its new corporate office at Sector 4, HSR Layout, marks the beginning of a new chapter in its growth journey. The new space brings together Abhee’s growing teams under one roof, mirroring the company’s larger journey of evolution within Bengaluru’s fast-changing real estate landscape.

Abhee Ventures has always been driven by the belief that good homes shape better lives. Over the years, that belief has translated into thoughtfully planned projects across the city, each designed to blend comfort, leisure, connectivity, and long-term value. “This move represents the next phase of our growth,” says R. Nagaraj Reddy, Managing Director, Abhee Ventures.     “We are building an organisation capable of leading change, not just keeping pace with it.”

Among Abhee’s flagship RERA-approved developments, Abhee Aaria near Gunjur Lake spans 12 acres with 85% open space, a 2-acre central forest, and a 60,000 sq ft. clubhouse. Abhee Celestial City, located just off Sarjapur Road, rises 27 floors high, offering 2 & 3 BHK homes with sweeping views and refined amenities.

Abhee Serenity Springs, near the Bommasandra Metro Station, features 2 & 3 BHK Vastu-compliant homes across 4.5 acres. Abhee’s plotted developments, Abhee Tranquila (off Sarjapur Road) and Abhee Natura (Whitefield Extension), give buyers the flexibility to invest in land for excellent capital appreciation.

Looking Ahead

With over 10 million square feet of new development on the horizon, Abhee Ventures is ready for its next leap as new launches emerge across North & East Bengaluru. The new corporate office serves as a reflection of that momentum, a symbol of a brand moving forward with clarity, growing steadily, and carrying a vision to transform the country’s real estate landscape.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.